Table 23-4
$$\begin{array} { | c | c | }
\hline \begin{array} { c }
\text { Consumption } \
\text { (dollars) }
\end{array} & \begin{array} { c }
\text { Disposable Income } \
\text { (dollars) }
\end{array} \
\hline \$ 600 & \$ 1,000 \
\hline 900 & 1,500 \
\hline 1,200 & 2,000 \
\hline
\end{array}$$
-Refer to Table 23-4.Given the consumption schedule in the table above,the marginal propensity to consume is
A)0.5.
B)0.6.
C)0.75.
D)0.8.

Question

Table 23-4
 $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Consumption } \
\text { (dollars) }
\end{array} & \begin{array} { c } 
\text { Disposable Income } \
\text { (dollars) }
\end{array} \
\hline \$ 600 & \$ 1,000 \
\hline 900 & 1,500 \
\hline 1,200 & 2,000 \
\hline
\end{array}$$
-Refer to Table 23-4.Given the consumption schedule in the table above,the marginal propensity to consume is
A)0.5.
B)0.6.
C)0.75.
D)0.8.

Quizplus · Accepted Answer

The Answer of Table 23-4
 $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Consumption } \
\text { (dollars) }
\end{array} & \begin{array} { c } 
\text { Disposable Income } \
\text { (dollars) }
\end{array} \
\hline \$ 600 & \$ 1,000 \
\hline 900 & 1,500 \
\hline 1,200 & 2,000 \
\hline
\end{array}$$
-Refer to Table 23-4.Given the consumption schedule in the table above,the marginal propensity to consume is
A)0.5.
B)0.6.
C)0.75.
D)0.8.

Table 23-4 -Refer to Table 23-4